EP 148 Part 1: Leveraging OPM & OPT: 10X'ing Net Worth in 10 Years with Emily Cortright and Adam Roberts
Manage episode 430202270 series 2998280
In this first part of our interview with Emily Cortright and Adam Roberts, co-founders of A&E Investments, we dive deep into their journey from engineering careers at GE Aviation to building a thriving multifamily real estate empire valued at over $225 million. Emily is a renowned real estate investor and author, while Adam is a celebrated real estate consultant known for his innovative strategies in market analysis and property management.
Emily and Adam delve into the importance of financial tracking, leveraging other people's money (OPM) and time (OPT), and the diversification of portfolios. They also explore the world of mortgage note investing, explaining its advantages and how it complements their multifamily investments. The episode underscores the value of mentorship and education in navigating the real estate industry.
Key Takeaways:
Background and Transition to Real Estate (3:05-5:05)
Emily and Adam's journey from engineering careers at GE Aviation to full-time real estate investing, emphasizing the importance of passive income and financial freedom.
Why Multifamily Real Estate (5:07-6:36)
Transitioning from single-family flips to multifamily investments for scalability and business growth.
Portfolio and Market Focus (6:41-7:11)
Managing and controlling a portfolio over $225 million, primarily in Texas but also invested in other regions as limited partners.
Financial Tracking and Decision Making (7:17-8:47)
Importance of tracking financials (income, expenses, balance sheet) to make informed decisions about quitting corporate jobs and pursuing real estate full-time.
Challenges and Overcoming Fear (8:52-10:18)
Acknowledging the difficulties and risks in transitioning to real estate, and how understanding the worst-case scenario can provide confidence.
Motivation and Control (10:24-11:26)
Being in full control of their destiny and not relying on corporate stability as a major motivator for Emily and Adam.
OPM and OPT (13:12-14:46)
Explanation of Other People's Money (OPM) and Other People's Time (OPT) as crucial concepts for scaling business and investments.
Leveraging Joint Ventures and Partnerships (14:56-15:53)
The importance of partnerships and joint ventures for business growth, especially for those not good at certain aspects of the business.
Bootstrapping and Scaling (16:13-17:45)
Initial hard work and bootstrapping are necessary before leveraging OPM and OPT for exponential growth in business.
Recommended Book: "Building Wealth Through Real Estate" by Emily Cortright
Connect with Emily and Adam@:
Website: https://www.aeinvest.net/
YouTube: https://www.youtube.com/channel/UCE1dOH6KXwOn5b7VqSjS8PQ
Connect with Corwyn@:
Contact Number: 843-619-3005
Email: corwyn@corwynmelette.com
Instagram: https://www.instagram.com/exitstrategiesradioshow/
Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
Shoutout to our Sponsor: ROBYN COLLINS
Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.
Exit Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call me today ROBYN COLLINS with REDROBYN HOMES at 843-557-5003. Again that's 843-557-5003 or visit RedRobynhomes.com/join.exit and make your Exit today.
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